USDC Stablecoin Issuer Blocks Russia-related Fiat Payments Due to War in Ukraine

The issuer of the stablecoin USD Coin (USDC), developed by Circle, has just announced on its website that in accordance with the international community’s sanctions requirements, it will block Russia-related fiat payments. According to the announcement: “In response to the extraordinary events following Russia’s invasion of Ukraine, the United States and the United Kingdom have imposed expansive economic sanctions designed […]